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Layoffs

Wall Street Bankers 'Answer Call' Of New Careers

Reuters | Lauren Tara LaCapra | Posted 10.17.2011 | Business

(Reuters) - In his 23 years as a banker, Adam Greene trotted the globe, closing billions of dollars' worth of deals for some of the world's biggest ba...

Wisconsin Teachers Union Lays Off 40% Of Staff

AP | SCOTT BAUER | Posted 10.16.2011 | Education

Wisconsin's largest teachers' union issued layoff notices to 40 percent of its staff Monday following legislation that limits collective bargaining ri...

This Year's Kings Of Corporate Layoffs

24/7 Wall St. | JON C. OGG | Posted 10.10.2011 | Business

From 24/7 Wall St.: Financial markets have been reeling as investors grow more concerned about the economy: An S&P downgrade of the full faith and cre...

CPD Faces Layoffs, Reassignments And Restructuring

Posted 10.08.2011 | Chicago

A combination of reassignments and the elimination of several command positions will “trim the fat on executive staff” at the Chicago Police Depar...

America's New Fear: Double-Dip Recession

Posted 10.03.2011 | Business

(Neil Fullick) - In a matter of days, investor relief that the United States avoided default has been replaced by fears Europe's debt crisis is de...

U.S. Private Employers Add More Jobs Than Expected In July: ADP

Posted 10.03.2011 | Business

NEW YORK (Reuters) - Private employers added 114,000 jobs in July, topping economists' expectations, a report by a payrolls processor showed on We...

Lila Shapiro

Planned U.S. Layoffs Surge As Some Companies Unexpectedly Bleed Jobs

HuffingtonPost.com | Lila Shapiro | Posted 10.03.2011 | Business

The early days of the recession were characterized by massive layoffs across industries, and while economists caution that the labor market isn't ther...

City Lays Off Half Its Traffic Aide Force

Posted 10.02.2011 | Chicago

Pink slips were reportedly delivered Friday to 97 full-time city-employed traffic control aides who keep an eye on busy intersections in the Loop and ...

Another Big Bank Rolls Out Thousands Of Job Cuts

Posted 10.02.2011 | Business

(Steve Slater) - Barclays is set to cut about 3,000 jobs this year to reduce costs after a drop in bond trading and an insurance mis-selling charg...

1,200 Workers Locked Out Of Sugar Plants

AP | DAVE KOLPACK | Posted 10.01.2011 | Business

MOORHEAD, Minn. — About 1,300 union workers at seven American Crystal Sugar plants found themselves locked out of their jobs Monday, sitting out...

Bank Announces Fresh Job Cuts After Disappointing Quarter

Posted 09.25.2011 | Business

GENEVA (AP) -- Swiss bank UBS AG lowered its annual earning forecasts and announced fresh job cuts Tuesday after posting sharply diminished second-qua...

Goldman Plans 1,000 Layoffs

Posted 09.18.2011 | Business

NEW YORK (Lauren Tara LaCapra and Knut Engelmann) - Goldman Sachs' anemic second-quarter results on Tuesday rattled investors and cast a pall on i...

Chrysler Suspends Workers For Drinking, Smoking Marijuana Before Shift

Posted 09.18.2011 | Business

DETROIT (AP) — Chrysler Group LLC said Tuesday it has suspended nine workers without pay after a Detroit television station aired footage of them al...

Silicon Valley Giant To Lay Off Thousands Of Employees

AP | By RACHEL METZ | Posted 09.17.2011 | San Francisco

SAN FRANCISCO -- Cisco Systems Inc., the world's largest maker of computer-networking gear, is reducing its work force by about 9 percent to reduce co...

Borders Bookstore Will Eliminate 11,000 Jobs, Close 400 Remaining Stores

Posted 09.17.2011 | Business

Bankrupt Borders Group Inc said it has canceled its auction and will sell itself to a group of liquidators. Borders announced the decision on M...

Cisco To Cut Workforce By 11,500 Employees

Posted 09.17.2011 | Business

Cisco Systems plans to cut its workforce by 11,500 employees as part of its plan to cut annual expenses by $1 billion and revive its business. ...

Moving Beyond Job Loss

Estelle Cimino | Posted 09.17.2011 | San Francisco
Estelle Cimino

The bottom line emotional reaction to job loss in today's economy is fear. These ten steps may very well help you to heal and move beyond job loss.

Lila Shapiro

Layoffs Return, Along With Fears Of Deepening Economic Stagnation

HuffingtonPost.com | Lila Shapiro | Posted 09.13.2011 | Business

In recent months, as the unemployment rate has unexpectedly climbed, experts have put the blame on a lean job market, asserting that employers still s...

Morgan Stanley Denies Report It Could Lay Off 'Possibly Thousands Of Jobs'

Posted 09.13.2011 | Business

NEW YORK (Lauren Tara LaCapra) - Morgan Stanley (MS.N) might lay off more workers than the few hundred underperforming financial advisers it previ...

Cisco May Cut Thousands Of Jobs

Posted 09.11.2011 | Technology

(Reuters) - Networking equipment company Cisco Systems Inc (CSCO.O) could eliminate as many as 10,000 jobs, or about 14 percent of its workforce, to...

Cancelled Space Shuttle Program Hurts Houston Ego, Economy

Posted 09.06.2011 | Business

HOUSTON — The end of the space shuttle program is hitting its Florida launch home in the pocketbook with some areas practically becoming economic gh...

Rahm Avoids Layoffs, For Now, Pending Union Concessions

Posted 08.31.2011 | Chicago

On Wednesday, Chicago Mayor Rahm Emanuel threw down the gauntlet to the city's labor unions when he offered up an ultimatum: Accept his work-rule chan...

Engineering Firm's Women-Only Job Cull Sparks Gender Row

The Guardian | John Hooper in Rome | Posted 08.31.2011 | World

An engineering firm in northern Italy has sparked controversy after making almost half its workforce redundant -- and selecting only women. A union...

Britain's Largest Mortgage Lender Axing 15,000 Jobs

Posted 08.30.2011 | Business

LONDON (Sudip Kar-Gupta and Steve Slater) - Lloyds will axe 15,000 jobs and halve its international presence, a plan its new boss hopes will save ...

Goldman Sachs Plans To Hire 1,000 In Singapore While Cutting U.S. Jobs

The Huffington Post | Bonnie Kavoussi | Posted 08.27.2011 | Business

Goldman Sachs, the country's fifth-largest bank by assets, plans to hire 1,000 people in Singapore while laying off a significant number of workers at...